Hong Kong Bank launches e-passbook for elderly users

Hong Kong’s major local bank had launched a market-first e-passbook for banking accounts, aiming to bridge the gap between traditional banking and mobile technology. The e-passbook uses near-field communication or NFC, allowing users especially for their elderly customers to check balances and transaction records with a simple tap on their phones.

The launch also came as Hong Kong pushes to develop its silver economy, aligning with the Hong Kong Monetary Authority's efforts to promote financial inclusion and accessibility.